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Do the laws of supply and demand pricing apply to gasoline pricing?


I understand the law of "supply and demand," but the it seems to me that the "supply" of oil and the "demand" for oil do not necessarily follow. For instance, after the tsunamis at Christmas of 2004 caused an immediate price increase across our nation. The same for Hurricane Katrina (though this one might be more logical). Why would these cause such price increases? And how can oil companies justify $34 BILLION profit last quarter?

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Gasoline Tax

Demand

Must a renter pay late fees for late rent payments if the lease contains late payment penalties?
Simple answer is that you have to pay whatever the lease you signed says....

How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...

How to tell if I have been subject to gender discrimination in hiring practices?
You didn't apply for the job. so that's a tough one. Seemingly your Bo...

How to get a used car dealer to honor warranty for repairs required two weeks after purchase?
What was the defect? Rust? A hole? Bad converter? Broken hangers? If it was rust...

My job requires me to drive bank deposits up to two times a day using my own vehicle and gas. Although not too far, can should I be receiving compensation? One deposit run is required daily by company policy, but the man
you should be getting a mileage comp. I own my own company and I pay my employee...


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